The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Axis Bank for its Besant Nagar branch in Chennai, Chennai, Tamil Nadu, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Axis Bank located in Chennai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code UTIB0004772. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Besant Nagar, Chennai
Here are the main details that are associated with the IFSC Code UTIB0004772 of Axis Bank for its branch located in Chennai, within the district of Chennai in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004772 |
| Branch | Besant Nagar |
| City | Chennai |
| District | Chennai |
| State | Tamil Nadu |
| Address | T 31,7Th Avenue, Besant Nagar, Chennai |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Chennai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0004772 for the Besant Nagar branch of Axis Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like UTIB0004772 is given to every bank branch, including Axis Bank located in Besant Nagar, Chennai, Tamil Nadu, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Chennai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Chennai and Chennai.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Besant Nagar doesn't end up at another location.
Format of the IFSC Code UTIB0004772
This is the format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Besant Nagar in Chennai.
For example, the IFSC Code UTIB0004772 of Axis Bank for the Besant Nagar branch includes these elements, identifying the bank and the branch location in Chennai and Tamil Nadu accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0004772 of Axis Bank for its Besant Nagar branch located in Chennai, the following methods can help:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Axis Bank branches in Chennai and Chennai, print them on the first page of your passbook.
Bank Website
Visit the official website of Axis Bank and navigate to the branch locator section. Search for Besant Nagar or Chennai to get the exact IFSC Code UTIB0004772.
Mobile Banking App
If you use Axis Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Axis Bank and Chennai, you'll get the correct details.
How to Use IFSC Code UTIB0004772 for Online Transfers?
Once you have the IFSC Code UTIB0004772 for the Besant Nagar branch of Axis Bank in Chennai, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0004772. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Axis Bank IFSC Code UTIB0004772.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Axis Bank Besant Nagar in Chennai, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Axis Bank in Besant Nagar, here are some ways that you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Axis Bank website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Chennai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Besant Nagar Chennai branch is UTIB0004772.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at T 31,7Th Avenue, Besant Nagar, Chennai.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.